2020 China Fastener Market Demand Status and Prospect Analysis Automotive Fastener Market Space

Release time:

2020-11-07

From the downstream demand industry of fastener products, global fasteners are mainly used in the automotive industry, electronics industry and construction and maintenance industry.

2020 China Fastener Market Demand Status and Prospect Analysis Automotive Fastener Market Space

From the perspective of the downstream demand industry of fastener products, global fasteners are mainly used in the automotive industry, electronics industry and construction and maintenance industry.

　　The automotive industry is the most demanding user

From the downstream demand industry of fastener products, global fasteners are mainly used in the automotive industry, electronics industry and construction and maintenance industry. Among them, the automobile industry is the largest user, the demand accounts for about 23.2 of the total sales of fasteners; followed by the maintenance industry market and the construction industry, accounting for about 20% of the total sales of fasteners; the third is the electronics industry, accounting for about 16.6 of the total sales of fasteners.

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　　The scale of automobile production and sales is relatively stable, and the fastener market space is large.

Judging from the trend of China's automobile production and sales from 2015 to 2019, they all showed a trend of rising first and then declining, and the overall scale of production and sales was not much different. In 2019, China's auto production and sales completed 25.721 million and 25.769 million vehicles, respectively, down 7.5 and 8.2 percent year-on-year. There was a continuous negative growth in each month, with a more obvious decline in the first half of the year and a gradual improvement in the second half of the year, with sales falling slightly by 0.1 per cent in December, basically the same as in the same period. Overall, the scale of automobile production and sales is relatively stable.

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In the automotive industry market, automotive-specific fasteners can be applied to almost every subsystem, such as: engines, wheel suspension systems, chassis systems, airbags, automatic anti-lock braking systems, etc.

The huge market in the automobile industry provides broad development space for automobile fastener products. Fasteners used in an automobile account for 40% of the total number of parts. For example, an average of about 580 kinds, 50kg and 5000 pieces of fasteners are used in a light vehicle or a car. On average, 90kg and 5710 pieces of various fasteners are used in a medium truck or a heavy vehicle. If calculated at 75kg per vehicle, the market size of automotive fasteners in 2019 is close to 2 million tons.

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In addition, in the environment of the rapid development of China's automobile industry, with the increasingly fierce market competition, coupled with the continuous improvement of automobile fastener product quality, such as lightweight, environmental protection, long life and other requirements, the equipment of automobile fastener enterprises will continue to update and transform. It can be seen that the market space for automotive fasteners is huge.

　The rapid development of professional enterprises

The types of automobile fastener enterprises in my country can be roughly divided into two types. One is a large-scale fastener enterprise with a considerable scale, with a dedicated department responsible for manufacturing; the other is an enterprise that only focuses on non-standard fastener products for automobiles. Professional enterprise. With the huge growth of total demand, professional enterprises are developing rapidly in China. Due to the high added value of such products, they have become the most competitive field.

Statistics show that there are more than 100 auto fastener enterprises in China, including more than 20 cooperative joint ventures, with a total of about 60000 personnel and assets of about 10 billion yuan. Among them, more than 40 have passed the certification of the quality management system of auto parts suppliers and obtained the manufacturing and production of a few varieties of foreign brand auto fasteners, Most of the enterprises are still not able to enter the production field of large-scale auto fasteners, some can only rely on OEM production. Domestic automotive fastener manufacturers are: dongfeng Auto Fastener Co., Ltd., Jinyi Industrial Co., Ltd., Fuao Auto Parts Co., Ltd. Fastener Branch, Shaanxi Fangyuan Auto Standard Parts Co., Ltd., Shanghai Teqiang Auto Fastener Co., Ltd., Wenzhou Mingtai Auto Parts Co., Ltd., Zhejiang Changhua Auto Parts Co., Ltd., Shanghai Shangbiao Auto Fastener Co., Ltd., Zhejiang Qiangli Bolt Co., Ltd., Odako Metal Products (Shanghai) Co., Ltd., Ruian Standard Parts Factory, Ruian Ruiqiang Standard Parts Co., Ltd., Chunyu (Dongguan) Hardware Products Co., Ltd.

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　　Automotive fasteners product requirements are higher

The improvement of the competitiveness of my country's auto fasteners is largely due to the emergence of automobile companies such as BYD, Chery, Youth, Geely, Great Wall, Changfeng, and Jianghuai. With the development of the automotive industry, higher requirements have been put forward for fastener products. It is expected that the future automotive fasteners will show the following development trends:

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(Source: The Forward-Looking Economist)